Artisan Partners, an investment management company, released its “Artisan Value Fund” second quarter 2024 investor letter. US markets narrowed in Q2 after broad market activity that drove US stocks higher in late 2023 and early 2024, with a few mega-cap technology names lifting the S&P 500® Index to all-time highs on the AI FOMO. The fund’s Investor Class ARTLX, Advisor Class APDLX, and Institutional Class APHLX returned -2.41%, -2.36%, and -2.36% respectively, in the second quarter compared to -2.17% return for the Russell 1000 Value Index. The positive stock selection in the...
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